Published On: Tue, Sep 6th, 2016

Johnson Controls Inc. (JCI) Earns Sector Perform Rating from Analysts at Royal Bank Of Canada

Equities researchers at Royal Bank Of Canada assumed coverage on shares of Johnson Controls Inc. (NYSE:JCI) in a note issued to investors on Tuesday. The brokerage set a “sector perform” rating and a $50.00 price target on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 10.01% from the company’s previous close.
Shares of Johnson Controls (NYSE:JCI) opened at 45.45 on Tuesday. The stock has a market cap of $28.99 billion and a PE ratio of 45.13. The company’s 50-day moving average is $44.91 and its 200 day moving average is $41.94. Johnson Controls has a 52 week low of $33.62 and a 52 week high of $47.32.
Johnson Controls (NYSE:JCI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts forecast that Johnson Controls will post $3.96 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.55%.
A number of other brokerages have also recently weighed in on JCI. TheStreet upgraded shares of Johnson Controls from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research upgraded shares of Johnson Controls from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, July 26th. RBC Capital Markets began coverage on shares of Johnson Controls in a research note on Tuesday. They set a “sector perform” rating for the company. Credit Suisse Group AG reiterated an “outperform” rating and set a $52.00 price target on shares of Johnson Controls in a research note on Tuesday, August 23rd. Finally, Oppenheimer Holdings reiterated an “outperform” rating and set a $50.00 price target on shares of Johnson Controls in a research note on Tuesday, June 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.22.
In other news, VP R Bruce Mcdonald sold 98,166 shares of Johnson Controls stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $44.95, for a total transaction of $4,412,561.70. Following the completion of the sale, the vice president now directly owns 100,766 shares in the company, valued at $4,529,431.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Several large investors have recently modified their holdings of the company. Oakworth Capital Inc. increased its stake in shares of Johnson Controls by 159.6% in the second quarter. Oakworth Capital Inc. now owns 2,440 shares of the company’s stock worth $108,000 after buying an additional 1,500 shares during the period. Signaturefd LLC increased its stake in shares of Johnson Controls by 13.7% in the second quarter. Signaturefd LLC now owns 2,601 shares of the company’s stock worth $115,000 after buying an additional 313 shares during the period. Cribstone Capital Management LLC purchased a new stake in shares of Johnson Controls during the second quarter worth approximately $134,000. Financial Architects Inc increased its stake in shares of Johnson Controls by 84.4% in the second quarter. Financial Architects Inc now owns 3,868 shares of the company’s stock worth $171,000 after buying an additional 1,770 shares during the period. Finally, Guinness Asset Management Ltd purchased a new stake in shares of Johnson Controls during the second quarter worth approximately $195,000.
Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

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